Ripple CTO Reveals XRP Design Intentions
- Decentralized Design: Former Ripple CTO David Schwartz highlighted that the XRP Ledger was intentionally designed so that Ripple could not control or shut it down, even under U.S. court pressure, thereby protecting millions of users' interests.
- Legal Compliance Risks: Schwartz emphasized that as a U.S. company, Ripple must comply with court orders, which influenced the design of XRPL to eliminate control, thus avoiding potential risks of censorship and fund freezes.
- Trust Principle: Schwartz distinguished between users voluntarily trusting Ripple and being forced to trust it, stressing that trust in the network should be optional rather than mandatory, which enhances XRPL's flexibility in terms of trust.
- Power Limitation Logic: Schwartz noted that if Ripple could censor transactions or double-spend, it would destroy confidence in the network; therefore, limiting power in the design is the best way to ensure network stability and user trust.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0407 | 0.0454 | 0.049 | 0.0536 | 0.0573 | 0.0619 | 0.0655 |
| Fibonacci | 0.0454 | 0.0485 | 0.0505 | 0.0536 | 0.0568 | 0.0587 | 0.0619 |
About ORDER
About the author
